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NIL
Jul 26, 2023 12:46:43 GMT -5
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Post by slxpress on Jul 26, 2023 12:46:43 GMT -5
Who are the projected top earners? In volleyball? Or all sports? It’s too opaque to know for sure. The information is either proprietary or unconfirmed. But I know there are star football and men’s basketball players making over $1 million per year. For volleyball it would almost have to be a Nebraska player. Especially with their new $500,000 per year NIL deal. Last year my guess is Eggleston with her $50k Champions deal plus whatever she got elsewhere. But honestly, it’s all guesses and rumors. It’s not like there’s anyone who has access to all the NIL contracts being signed. Just if you’re in the industry you hear about different deals being signed, even though it’s unverfiable. Same thing happened in the pre NIL days. Especially the shoe deals the basketball players would get to go to a specifically branded school that was aligned with the AAU team they played for.
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NIL
Jul 26, 2023 12:47:19 GMT -5
Post by volleyguy on Jul 26, 2023 12:47:19 GMT -5
Manchin being the Democrat co-sponsor of the bill probably makes this version of the bill unlikely - I get that. But getting something done is pretty bi-partisan and something that I think will eventually happen. Certainly not thinking something will happen for next year. Oh, of course something is going to happen eventually. But the timing is material. A law getting passed in two years is different than a law getting passed in five years. We’ll see what happens. But we’ve had people saying on this thread that in the meantime antitrust lawsuits are going to save the day. There’s nothing that’s going to “save the day” other than Congress, and when that’s going to happen or what form it’s going to take are critically important. In any case, the announcement of this bill is important. It helps at least shape the conversation, which we desperately need. That’s a complete butchery of what I said. Anti-trust isn’t going to save the day. Anti-trust is the sole reason NIL exists, and in the absence of legislation, anti-trust law is what will determine its fate as the only logical progression.
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NIL
Jul 26, 2023 14:38:59 GMT -5
Post by HawaiiVB on Jul 26, 2023 14:38:59 GMT -5
I honestly don’t understand exactly what you mean by that. Do you mind explaining a little further? The company hiring her is a separate [legitimate] entity in the labor market. The collectives meanwhile are creations specifically for the purpose of entering the labor market on behalf of athletes. The legal underpinning of NIL is that the NCAA market (which is the amateur student-athlete sphere) is a legal monopoly (technically a monopsony) as long as it maintains its influence in restricts its influence to the educational sphere and operates separately from the labor market. It's very possible that the athlete has a connection to the company that is hiring her (could be a personal friend, friend of the family, or even a booster), but the separation (i.e. no university affiliated collective) is what makes it (or keeps it) "legal". 100%. For some on here, they seem to be crying foul with regard to the various state laws that cover any NIL deal. The intent was so that the person whose name, image, or likeness is being used will be compensated for usage. Gone are the days when an institution or organization can claim compensation without paying the student. The NCAA used the status of student amateur athlete as a means to confine the student from becoming a paid professional as a means to suppress the students' rights. The Nil is necessary for fairness all around. I don't think there needs to be any regulations, it defeats the purpose.
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bluepenquin
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Post by bluepenquin on Jul 27, 2023 7:36:02 GMT -5
Manchin being the Democrat co-sponsor of the bill probably makes this version of the bill unlikely - I get that. But getting something done is pretty bi-partisan and something that I think will eventually happen. Certainly not thinking something will happen for next year. Oh, of course something is going to happen eventually. But the timing is material. A law getting passed in two years is different than a law getting passed in five years. We’ll see what happens. But we’ve had people saying on this thread that in the meantime antitrust lawsuits are going to save the day. There’s nothing that’s going to “save the day” other than Congress, and when that’s going to happen or what form it’s going to take are critically important. In any case, the announcement of this bill is important. It helps at least shape the conversation, which we desperately need. I saw a tweet from Dennis Dodd last night that said this bill is dead on arrival. Not surprising - some of the things you mentioned are probably a factor. But he specifically wrote that there is no way a 3 years before transfer would pass. I am glad to hear this - congress needs to work on NIL because the laws are different in all the states. This isn't sustainable and needs to get 'fixed'. Tacking on NCAA guidelines such as transfer rules should not be Congress's scope for a bill. I agree that the 'when' matters, but my suspicion is nothing will really happen until it really becomes broken. Proactive isn't how congress works (and they are already too late to be proactive).
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Post by slxpress on Jul 27, 2023 7:56:46 GMT -5
Oh, of course something is going to happen eventually. But the timing is material. A law getting passed in two years is different than a law getting passed in five years. We’ll see what happens. But we’ve had people saying on this thread that in the meantime antitrust lawsuits are going to save the day. There’s nothing that’s going to “save the day” other than Congress, and when that’s going to happen or what form it’s going to take are critically important. In any case, the announcement of this bill is important. It helps at least shape the conversation, which we desperately need. I saw a tweet from Dennis Dodd last night that said this bill is dead on arrival. Not surprising - some of the things you mentioned are probably a factor. But he specifically wrote that there is no way a 3 years before transfer would pass. I am glad to hear this - congress needs to work on NIL because the laws are different in all the states. This isn't sustainable and needs to get 'fixed'. Tacking on NCAA guidelines such as transfer rules should not be Congress's scope for a bill. I agree that the 'when' matters, but my suspicion is nothing will really happen until it really becomes broken. Proactive isn't how congress works (and they are already too late to be proactive). Proactive isn't really how democracy works. It's difficult to get credit for fixing things if they're not widely seen as broken. Plenty of times politicians get blamed for a fix that was allegedly never needed. There are a bunch of reason why I feel like NIL is going to get way worse than what we have right now, but that's at the core of it. Namely, only Congress can really do anything about it. And second, Congress isn't going to do anything about it. Not on a time line that makes it meaningful for a solution oriented discussion right now. Doesn't mean we can't have solution oriented discussion, but it should be done with the acknowledgement it's completely meaningless. The amount of money pouring into NIL is going to maintain a hockey stick type growth. The wealthiest university affiliated athletic departments are going to have first choice among recruits and transfers available. There will be a greater concentration regarding competitiveness than we've seen so far, and it's not like college sports has been exactly egalitarian to this point already. That's the way it's going to be. It sucks to think the only choice was exploitation of student athletes and some semblance of competitiveness, which is what a zero NIL for student athletes amounted to, or student athletes being able to compete for NIL compensation but a narrowing of universities able to compete for championships, but that's the hobbesian choice we were always given. Again, the bill remains valuable because it stakes out a position in writing. Talking about how a bill is dead on arrival denies its merit in important ways. Basically right now we have Booker's bill - which he's been putting out there every year for a while now - which is way more student athlete protective. Then we have the Manchin/Tuberville bill, which is way more friendly to coaches and administrations. Honestly, the biggest thing I wish Congress could pass is some kind of transparency bill. Just make it so people have to publish NIL deals on a public database so a true market could develop and we could more easily identify abuses, even if those abuses are perfectly legitimate in the current environment. But I don't know how workable that is, either. That certainly bothers me from a privacy standpoint. Even if you redact the names it wouldn't be difficult to figure out who it is in many cases. But without some level of transparency, people do not have any good guidelines for what the value of a student athlete NIL really is, nor how it changes over time. The people with the best access to information about the marketplace end up being the ones who benefit the most, which is how you empower a class of middle men. Which is what we're doing.
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NIL
Jul 27, 2023 11:19:18 GMT -5
Post by volleyguy on Jul 27, 2023 11:19:18 GMT -5
While Congress and NCAA squabble, NIL collectives lead push on revenue sharing Name, image and likeness (NIL) is at the center of a two-day stakeholders meeting that began Tuesday. While no report or legislation is expected immediately from the gathering, administrators and invited guests hope to examine NIL in a way that produces answers. One group — not invited to the meeting — believes it has some already. The Collective Association (TCA), a group of seven of the richest donor-led collectives in the country, is preparing to take the next step in the conversation. While college administrators squabble over legislation around NIL, leaders of the TCA are focused on what many believe is the next evolution of athlete compensation: revenue sharing. Members of TCA presented a revenue-sharing model to SEC and NCAA officials last week in separate meetings — which illustrates the urgency for answers from high-ranking figures within college athletics. The proposal is merely a general framework of a plan that calls for using television network money to compensate athletes. sports.yahoo.com/while-congress-and-ncaa-squabble-nil-collectives-lead-push-on-revenue-sharing-130029751.html
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bluepenquin
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NIL
Jul 27, 2023 11:54:07 GMT -5
Post by bluepenquin on Jul 27, 2023 11:54:07 GMT -5
While Congress and NCAA squabble, NIL collectives lead push on revenue sharing Name, image and likeness (NIL) is at the center of a two-day stakeholders meeting that began Tuesday. While no report or legislation is expected immediately from the gathering, administrators and invited guests hope to examine NIL in a way that produces answers. One group — not invited to the meeting — believes it has some already. The Collective Association (TCA), a group of seven of the richest donor-led collectives in the country, is preparing to take the next step in the conversation. While college administrators squabble over legislation around NIL, leaders of the TCA are focused on what many believe is the next evolution of athlete compensation: revenue sharing. Members of TCA presented a revenue-sharing model to SEC and NCAA officials last week in separate meetings — which illustrates the urgency for answers from high-ranking figures within college athletics. The proposal is merely a general framework of a plan that calls for using television network money to compensate athletes. sports.yahoo.com/while-congress-and-ncaa-squabble-nil-collectives-lead-push-on-revenue-sharing-130029751.htmlI didn't read in detail - but I like the idea of revenue sharing. But how would they get around Title IX? And would that stop NIL - because revenue sharing plus NIL doesn't solve anything?
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NIL
Jul 27, 2023 11:54:18 GMT -5
Post by beaker on Jul 27, 2023 11:54:18 GMT -5
Oh, of course something is going to happen eventually. But the timing is material. A law getting passed in two years is different than a law getting passed in five years. We’ll see what happens. But we’ve had people saying on this thread that in the meantime antitrust lawsuits are going to save the day. There’s nothing that’s going to “save the day” other than Congress, and when that’s going to happen or what form it’s going to take are critically important. In any case, the announcement of this bill is important. It helps at least shape the conversation, which we desperately need. I saw a tweet from Dennis Dodd last night that said this bill is dead on arrival. Not surprising - some of the things you mentioned are probably a factor. But he specifically wrote that there is no way a 3 years before transfer would pass. I am glad to hear this - congress needs to work on NIL because the laws are different in all the states. This isn't sustainable and needs to get 'fixed'. Tacking on NCAA guidelines such as transfer rules should not be Congress's scope for a bill. I agree that the 'when' matters, but my suspicion is nothing will really happen until it really becomes broken. Proactive isn't how congress works (and they are already too late to be proactive). I agree that adding the 3-year requirement for not having to sit a season is going to be a hang-up. Personally, I think the remedy is easy enough. The bill is structured so it allow the NCAA to keep most of the typical exceptions for coaches leaving, family members dying, other NCAA exceptions, etc. The only extra they tried to add in there was the 3 year stipulation. A simple addition to the bill to change your eligibility if you transfer AND enter into a NIL deal in the 1st year after the transfer would help the under-the-radar "buying" of players with NIL by putting a 1 year inability to accept NIL money if you want to be eligible. Basically the proposed correction would accomplish this: post 1st year transfers = lose eligibility 2nd year if enter a NIL contract in their 2nd year. post 2nd year transfers = lose eligibility 3rd year if enter a NIL contract in their 3rd year. post 3rd year transfers = retain eligibility in 4th year regardless of NIL contract. post 4rd year transfers = retain eligibility in post-grad year regardless of NIL contract. For the record, the bill also stipulates that you cannot "carry over" NIL deals from one school to another as each NIL contract with a registered party with a specific university. Just saying...
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NIL
Aug 2, 2023 17:36:22 GMT -5
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slxpress likes this
Post by katn on Aug 2, 2023 17:36:22 GMT -5
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NIL
Aug 9, 2023 23:24:34 GMT -5
Post by volleyguy on Aug 9, 2023 23:24:34 GMT -5
Texas A&M cuts NIL fund, ‘12th Man Plus,’ after IRS memo Texas A&M announced Wednesday it was “discontinuing” the 12th Man Plus fund, which provided coveted “priority points” and tax-deductible donations in regard to name, image and likeness. “On June 9, the IRS released a generic legal advice memorandum providing specific guidelines for non-profit organizations that engage with student-athletes for their … (NIL),” an A&M statement read Wednesday. “The operation of the 12th Man+ Fund is impacted by this new guidance. Following consultation with external advisors, the 12th Man Foundation is altering its approach to NIL which includes discontinuing the 12th Man+ Fund. www.al.com/sec/2023/08/texas-am-cuts-nil-fund-12th-man-plus-after-irs-memo.html
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NIL
Aug 9, 2023 23:42:42 GMT -5
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Post by slxpress on Aug 9, 2023 23:42:42 GMT -5
Texas A&M cuts NIL fund, ‘12th Man Plus,’ after IRS memo Texas A&M announced Wednesday it was “discontinuing” the 12th Man Plus fund, which provided coveted “priority points” and tax-deductible donations in regard to name, image and likeness. “On June 9, the IRS released a generic legal advice memorandum providing specific guidelines for non-profit organizations that engage with student-athletes for their … (NIL),” an A&M statement read Wednesday. “The operation of the 12th Man+ Fund is impacted by this new guidance. Following consultation with external advisors, the 12th Man Foundation is altering its approach to NIL which includes discontinuing the 12th Man+ Fund. www.al.com/sec/2023/08/texas-am-cuts-nil-fund-12th-man-plus-after-irs-memo.htmlIf anyone thinks this is going to substantially reduce NIL funding by A&M alums, they don’t know A&M alums. They just need to change their NIL to meet IRS guidance and state law.
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NIL
Aug 9, 2023 23:58:32 GMT -5
Post by volleyguy on Aug 9, 2023 23:58:32 GMT -5
Texas A&M cuts NIL fund, ‘12th Man Plus,’ after IRS memo Texas A&M announced Wednesday it was “discontinuing” the 12th Man Plus fund, which provided coveted “priority points” and tax-deductible donations in regard to name, image and likeness. “On June 9, the IRS released a generic legal advice memorandum providing specific guidelines for non-profit organizations that engage with student-athletes for their … (NIL),” an A&M statement read Wednesday. “The operation of the 12th Man+ Fund is impacted by this new guidance. Following consultation with external advisors, the 12th Man Foundation is altering its approach to NIL which includes discontinuing the 12th Man+ Fund. www.al.com/sec/2023/08/texas-am-cuts-nil-fund-12th-man-plus-after-irs-memo.htmlIf anyone thinks this is going to substantially reduce NIL funding by A&M alums, they don’t know A&M alums. They just need to change their NIL to meet IRS guidance and state law. Well, that’s the problem, of course. The obvious takeaway is that donors are also extremely interested in the tax deduction. This was a more public announcement, but others will follow, but they may do it quietly or discretely. I am expecting that some other institutions will try to fold some NIL activities into some other already existing philanthropic organization within the university (or create one).
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NIL
Aug 10, 2023 0:05:56 GMT -5
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Post by slxpress on Aug 10, 2023 0:05:56 GMT -5
If anyone thinks this is going to substantially reduce NIL funding by A&M alums, they don’t know A&M alums. They just need to change their NIL to meet IRS guidance and state law. Well, that’s the problem, of course. The obvious takeaway is that donors are also extremely interested in the tax deduction. This was a more public announcement, but others will follow, but they may do it quietly or discretely. I am expecting that some other institutions will try to fold some NIL activities into some other already existing philanthropic organization within the university (or create one). The key difference is that the NIL collective has a connection with the university which is allowed by state law. That’s how the priority points are given for NIL contributions. But they have to change the organizational structure so they’re not giving the appearance of being able to make a tax deduction. The money is still going to flow.
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NIL
Aug 10, 2023 0:33:16 GMT -5
Post by volleyguy on Aug 10, 2023 0:33:16 GMT -5
Well, that’s the problem, of course. The obvious takeaway is that donors are also extremely interested in the tax deduction. This was a more public announcement, but others will follow, but they may do it quietly or discretely. I am expecting that some other institutions will try to fold some NIL activities into some other already existing philanthropic organization within the university (or create one). The key difference is that the NIL collective has a connection with the university which is allowed by state law. That’s how the priority points are given for NIL contributions. But they have to change the organizational structure so they’re not giving the appearance of being able to make a tax deduction. The money is still going to flow. Yes, donors and alums are driving the push to use and/or take advantage of NIL, but the state law isn’t necessarily congruent with Federal law (or the Supreme Court decision).
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NIL
Aug 10, 2023 0:37:33 GMT -5
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Post by slxpress on Aug 10, 2023 0:37:33 GMT -5
The key difference is that the NIL collective has a connection with the university which is allowed by state law. That’s how the priority points are given for NIL contributions. But they have to change the organizational structure so they’re not giving the appearance of being able to make a tax deduction. The money is still going to flow. Yes, donors and alums are driving the push to use and/or take advantage of NIL, but the state law isn’t necessarily congruent with Federal law (or the Supreme Court decision). Well, we’ve gone over this before. I’ll wait with bated breath to watch for someone to challenge it in court.
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